OUTRAGEOUS: Silicon Valley Bank Provided Massive Amounts of Capital to Chinese Tech Ventures...• https://www.thegatewaypundit.com, By Joe Hoft
The Silicon Valley Bank has served as a huge bridge to China and Chinese tech engineers. Is this why the corrupt Biden Gang is bailing it out?
Just this morning the US House reported that they have the goods on the Bidens' corrupt and criminal actions with China. The Bidens are in bed with the corrupt China regime and the House has the evidence. The Bidens were receiving money from the CCP.
Related to this is the failing Silicon Valley Bank which provides massive amounts of funding to the China venture capital sector. The South China Morning Post noted the bridge between the bank and China.
The collapse of Silicon Valley Bank (SVB) has created a sense of panic within China's tech start-up and venture capital (VC) sector, as the lender served as a bridge between US capital and Chinese tech entrepreneurs.
As of Sunday afternoon, topics related to the collapse of the bank, including "SVB bankruptcy has spread to multiple countries" and "SVB bankruptcy affects Chinese entrepreneurs", were trending on Chinese microblogging site Weibo, with posts receiving hundreds of millions of views.
"Is the 2008 Financial Crisis happening again?" said a Weibo user with the handle MaxC.
China is the second largest venture capital market and SVB was right in the middle of it according to Tech Crunch.